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Options exchange CBOE to buy rival for US$3.2b

Mr Concannon said the combination gives more power not only to listing of ETFs, but also to the trading of ETFs

New York

CBOE Holdings' US$3.2 billion deal to acquire Bats Global Markets is some of the strongest evidence yet of exchange-traded funds' growing importance on Wall Street.

The acquisition, announced on Monday by the owner of the Chicago Board Options Exchange, gives CBOE a major...

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